Compound interest is a very powerful tool for becoming financially free and wealthy. A small amount of money invested and reinvested can become enormous in time. Compound interest is the amount of interest that is added to the principal during the time period. Wealth creation is a long process. Many people are impatient and do not have the discipline to sit tight. If you think long-term, you can achieve great things.
Watch the full episode of How to become financially free and wealthy using the compounding interest or power of leverage?
How to become financially free and wealthy using the compounding interest or power of leverage?
How to use compound interest or power and power of leverage in your favor?
- Invest your money into an asset.
- Get your money back or pay yourself first.
- Move your money into a new asset.
- Repeat the process.
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